A Time of Growth for the Shropshire Economy Matthew Potts BA - - PowerPoint PPT Presentation

A Time of Growth for the Shropshire Economy

Matthew Potts BA (Hons) MSc MIED Business Growth and Inward Investment Manager matt.potts@shropshire.gov.uk 07458 010201

Economic Growth Strategy Aims

By 2021:

• 12% growth in GVA
• 3,700 new jobs
• £300 million private

sector investment

• 1,375 new homes

per year

Key Growth Sectors in Shropshire

• Advanced Manufacturing and

Engineering

• Environmental Science and

Technologies

• Agri Tech
• Food and Drink
• Construction
• Business, Professional and Financial

Services

• Creative and Digital
• Health and Social Care

• Strong growth in the sector with job

numbers increasing by almost a quarter since 2010 (higher than the national average)

• The sector made a £705 million contribution

to the Shropshire Economy in 2016

• KEY ORGANISATIONS – Grainger and

Worrall, Bridgnorth Aluminium, Caterpillar, Salop Design and Engineering, Doncasters

• One of the fastest growing sectors in

the UK

• Global markets forecast to reach

£217bn by 2021

• Harper Adams University offers ground

breaking research for the industry

• Shropshire is amongst the top 5

producers of agricultural machinery

• KEY ORGANISATIONS – McConnel,

Fullwood, Harper Adams University

• Low carbon and Environmental goods

and services sector represent a strong growing sector in the UK

• Over 7,000 people are employed in the

Environmental Industries in the Shropshire

• KEY ORGANISATIONS – Jacobs,

CREST, E4 Environmental, TG Group, UCS

• One of the UKs fastest growing UK

sectors, worth £211 million in GVA to the Shropshire Economy

• A quarter of all West Midlands dairy

and meat processing takes place in Shropshire

• 160 specialised food retailers in

Shropshire

• 105 specialised food wholesalers
• KEY ORGANISATIONS – Arla, Muller,

Kerry Foods, ABP, Gro Continental

• 16% of Shropshire’s larger businesses
• perate in this sector
• The Value of the sector has doubled over

the last 20 years and currently contributes 10% (£600 million) to the Shropshire Economy

• Shropshire’s population of over 65’s is set

to grow by 52% by 2037

• Industry clusters linked to the Robert

Jones and Agnes Hunt Orthopaedic Hospital

• KEY ORGANISATIONS – Marches Care,

Agilent Technologies, Smithers Rapra, Hitachi Solutions, UCS

• Rapid growth is predicted in this sector

in Shropshire;

• 17% over the next two decades

compared to 6% growth across all sectors

• Key opportunities include the

development of the Flaxmill Maltings

• Entrepreneurial focus is key
• KEY ORGANISAITIONS – AHR, Clear,

Igloo, Seeable, Risdon and Rison, UCS

• 60% of all job growth in Shropshire is

attributable to professional services since 2010

• 27% employment growth in this sector is

forecast between 2017 and 2036 with a projected GVA growth of 93%

• KEY ORGANISATIONS – Premier

Medical, Berrys, Good2Great, Dyke Yaxley, Henshalls, Hatchers Solicitors

Developing and Retaining Talent and Skills

• Increasing engagement with businesses

through Enterprise Co-Ordinator

• Engage locally with schools, FE and HE

establishments offering routes to employment through work experience, apprenticeship schemes and graduate level jobs

• Support and investment alongside UCS/HAU

to develop and retain talent locally through defined local curriculum focused on growth sectors

A Time of Growth for the Shropshire Economy

Matthew Potts BA (Hons) MSc MIED Business Growth and Inward Investment Manager matt.potts@shropshire.gov.uk 07458 010201